Quilt raises $33 million to capitalize on heat pump trend

Quilt, the CA-based heat pump startup, last week snagged $33 million in funding and announced it’s officially launching on May 15th.

The big picture: Electrification opinions aside, heat pump adoption is growing, partly fueled by existing legislation.  

Details: Quilt, founded in 2022 by former Google employees, is building a smart heat pump system differentiated by design and intuitiveness.

• Quilt will offer indoor mini-splits with more integration than traditional systems, allowing homeowners to control their entire house from its app, rather than managing rooms individually. 

• “It’s kind of like a mesh network for Wi-Fi, where they’re all working together to heat and cool the house… But then they have all the control in each space, too,” said CTO Matt Knoll.

• Each head will also have an infrared sensor to detect occupancy, so energy isn’t wasted heating and cooling empty rooms.  

For contractors: Quilt will share details about its installation and sales strategy — where contractors fit into the mix — on launch day, Quilt’s Emily Carter told Homepros.

• “While we can’t share pricing details quite yet, our systems, which are far ahead of the market in every dimension, will be priced competitively and transparently,” she added. 

What’s next: Quilt has a waitlist of thousands of interested homeowners and will livestream its launch at 12:30pm ET on May 15th. 

• “The startup plans to use the fresh capital to expand its marketing efforts and installer capacity,” TechCrunch noted. 

📫️ To get stories like this delivered to your inbox every week for free, subscribe to our newsletter here.